Transurban Group Ltd. (AU:TCL) has released an update.
Transurban Group reported a 7% growth in FY24 distributions to 62.0 cents per stapled security, with traffic increases and operational cost management bolstering their financials. The company anticipates a 5% increase in FY25 distributions to 65.0 cents, contingent on traffic and economic conditions. CEO Michelle Jablko emphasized ongoing project delivery, including the West Gate Tunnel, and a strong balance sheet to support future growth initiatives.
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